Loans

According to a recent report published by the Money Charity, UK households are forecast to owe an average of £84,412 by the year 2022, and in the year 2017, around 276 people per day were recorded as insolvent.

Britain is a nation of spenders. The UK is the second most indebted G8 nation, behind only Canada. Between 2012 and 2017, household debt in the UK increased by 7% to reach in excess of £1.6 billion, according to official government statistics reported by The Guardian.

A personal loan can be a great way of reaching a short-term financial goal, such as purchasing a new car, renovating your home, or even paying off your current debts faster by consolidating them into one payment.

As debt becomes a more widespread problem across the UK, PayPlan have created an interactive journey entitled “One Unfortunate Week” designed to put you in the shoes of the average Brit, five days before payday and subjected to some of the worst luck you have ever seen.